Asset Allocation
Global Institutional Investors Increasingly ‘Shunning Coal’
Europe leads the way among institutional investors divesting from coal, according to a new report.
Tag: divest
Newsmakers
Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
Newsmakers
Missouri Divests $500 Million From BlackRock as GOP Backlash Over ESG Grows
In less than a month, four states have pulled over $1.5 billion out of BlackRock investments in protest over a ‘woke political agenda.’
Newsmakers
De Blasio Calls on NY Pension Funds to Divest Guns and Ammo Investments
Former NYC mayor cites gunmaker investments held by the state’s two largest pension funds.
Newsmakers
Bill Proposes Ban on Institutional Investments in Russia
The IMPAIR Russia Act would prohibit institutional investors from investing in Russian entities.
Regulation
Idaho Bills Aim to Curb Public ESG Investing
Legislation identifies sustainable investing as being among ‘disfavored state investments.’
Asset Allocation
Proposed Bill Would Require CalPERS, CalSTRS to Divest Fossil Fuels
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
Asset Allocation
Yale to Investigate Chinese Investments Over Human Rights Concerns
A university committee will determine if any companies are ineligible for investment from its $42.3 billion endowment.
Newsmakers
Boston to Divest From Fossil Fuels, Tobacco, Private Prisons
The city’s mayor signed a bill to eliminate the controversial investments by 2025.
Asset Allocation
Norway’s KLP Divests From Producers of Controversial Weapons
General Dynamics, Raytheon, and Rolls Royce are among 14 firms excluded by Norway’s largest pension fund.
Newsmakers
Larry Fink Says We Need to Work With, Not Against Hydrocarbon Companies. But Can We Trust Them Given Their History?
The CEO of BlackRock, the largest money management firm in the world, argued for moving to a more decarbonized business model worldwide.
Europe’s Second Largest Pension to Divest From Fossil Fuels
ABP has approximately $17.4 billion invested in the industry.
Asset Allocation
Dartmouth to Phase Out Fossil Fuel Investments
The college warns that climate change effects are ‘real, far-reaching, and getting worse.’
Pensions
Plan Sponsors Look to Drop Liabilities Like Bad Habits
More than 90% of corporate DB plans with de-risking goals say they expect to divest all their plan liabilities in the next five years.
Baltimore Pension Funds to Divest From Fossil Fuels
The city council will also consider a legislative package aiming to tackle climate change.